ROME: Alitalia SpA workers voted against job reductions and pay cuts touted as the last chance for the cash-strapped Italian flag-carrier to avoid being placed under administration.
Staff at the airline, which employs 12,500 people, rejected the steps brokered by management and labour leaders as part of a 2 billion-euro (US$2.2bil) refinancing package, according to the results of a ballot released by Uiltrasporti. About 70% of voters opposed the deal, the USB union said.
Among other measures, the plan included 1,600 job losses, down from the 2,000 proposed earlier.
Economic Development Minister Carlo Calenda said earlier that with Alitalia running out of funds a no vote would likely prompt the Italian government to act as a special administ…
Read the full article at: http://www.thestar.com.my/business/business-news/2017/04/26/alitalia-risks-collapse-after-staff-spurn-restructuring-plan/